12 November 2009
Pls help. I have a query regarding deduction allowed for repayment of principal amount of housing Loan. If house is in name of Mrs. X and loan is taken in the joint name of Mr. & Mrs. X. Than who is eligible to claim deduction u/s-24 and u/s 80C?????
12 November 2009
Only Mrs. X. as to claim the deduction for both principan and interest, you must be the owner of the property and obviously be the borrower also ( may be co owner or co borrower)
CAclubindia
